A major advance in the development of strategic investment selection tools came with the application of options reasoning to the fields of Research and Development (R&D). By real options we understand the opportunity to invest in and thus support a project opportunity that essentially involves acquisition or building of real assets. In every step of the investment program, when making the appropriate entry (or exit) decisions, we also have to take into consideration that the underlying projects can open or close the possibility for further options (which might be more profitable). Defining phases and actively scheduling and managing investment activities, we can collect information to decide whether we are ready to go ahead with the investment or not.
|Title of host publication||Computational Intelligence, Theory and Applications|
|Subtitle of host publication||International Conference 9th Fuzzy Days in Dortmund, Germany, Sept. 18-20, 2006 Proceedings|
|Publisher||Springer Berlin Heidelberg|
|Number of pages||9|
|ISBN (Print)||3540347801, 9783540347804|
|Publication status||Published - Dec 1 2006|
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